Taxpayers to shoulder Marcos debt until 2025

[KamenRaida]

Eto lang yun e. Magaling siya dahil forward siya talaga sa mga improvements katulad ng NLEX, PPNH, bridges, etc. etc. pero nga kapalit nito e dinaan niya LAHAT sa utang.

Kumbaga e five steps forward pero nung tumagal naging six steps back.

na scam kasi eh, imbes mag invest sa Agriculture ayun na invest sa polical career

ninanakaw

 

[mortred]

@Sheenamae alam mo habang tumatagal pataas ng pataas ung presyo ng bilihin hindi mo yan.Bakit pilipinas ba ung may may kontrol ng presyo ng gasolina?
Alam ko na sasabihin mo jan di kasi tiuloy ung bataan nuclear power plant kaya mahal gasolina ngaun.
Ung bataan nuclear powerplant na yan kahit isang patak ng gasolina o isang boltahe ng kuryente hindi nakapag produce yan.$600 million ung tinubo at nabulsang budget jan.
Ung sa bigas naman tulad ng sinabi ko kanina pataas ng pataas ng presyo ng bilihin kahit sa anong bansa.


Parang ganito gusto mo ipahiwatig eh 'nung panahon ni marcos wala namang may iphone,android,samsung,sony xperia,laptop at computer ngayon milyon milyon filipino may gadget na ganyan. Ganyan tayo kaunlad ngayon nung anahon ba ni mrcos may ganyan?
Parang ganyan sinasabi mo

 

[killerloop]

sa opinyon ko naman, paano tayo makakabayad ng utang kung hindi naman nagbabayad ang gobyerno natin? meron na po ba dito sa inyo ang nakabalitang nagbayad ng ganitong halaga ang ating pamahalaan? hindi talaga tayo makakabawas ng utang kung hindi naman talaga binabawasan.

 

[reyzon22]

excempted ata yung mga Marcos Sombis dito

 

[reyzon22]

‘Marcos regime’s criminal legacies continue to harm Filipinos’—FDC
By Ryan D. Rosauro
Inquirer Mindanao
1:13 pm | Wednesday, September 26th, 2012
OZAMIZ CITY, Philippines

Let us not forget the onerous debts. This is what the Freedom from Debt Coalition (FDC) said as it reminded Filipinos on the “crimes and legacies of the Martial Law era and that of the strongman rule of Ferdinand Marcos that continue to hound and harm our nation and people.”One of these criminal legacies is the regime’s fraudulent and
illegitimate debts that were riddled with corruption and hardly
benefited the people,” the FDC, a non-government
organization opposing the payment of debts incurred by the
Marcos regime, said in a statement. When Marcos fled in 1986 in the wake of the popular uprising, the country was saddled with $28 billion in foreign debt.

The FDC noted that at the start of Marcos’ presidency in
1965, the country’s foreign debt stood only at $1 billion.
The group echoed the widespread suspicion among anti-
dictatorship forces then that Marcos and his cronies profited
from the fraudulent loans contracted by government, which
could be the source of his ill-gotten wealth estimated to be at
least $5 billion.

“The plunder of our economy plunged the people into mass
poverty. In 1975, 57 percent of the Filipino families reportedly
lived below the poverty line, while Marcos, his wife and their
cronies indulged in extravagance and opulence,” the FDC said.
“Today, Filipino taxpayers continue to bear the cost of the
regime’s foreign debts, until 2025,” it added. The FDC said the government’s policy to honor the Marcos debts compromised important spending for health, education and basic social services “that the government is duty-bound to provide for the people.”
“This policy contributed to a perennial and seemingly vicious
cycle of budget shortfalls and fiscal crises, continued debt
and interest payments, increased tax burdens, increased debt
burdens and severe reduction , if not criminal neglect of the
welfare needs, economic and social services for the people,”
FDC explained.

“The Aquino regime and successive governments often used
the budget and the debt crisis they inherited from Marcos as
reasons to allow… privatization and deregulation of essential
public services like water and power, cheap sale of
government assets and properties, and imposition of
regressive tax measures such as the 10% value-added tax
(VAT) which was later increased and expanded to the
detriment of the majority poor consumers,” it added.
Akbayan Rep. Walden Bello, former FDC president, said the
government’s “stubborn policy of debt repayments, and its
inability to spend and invest have consigned our country not
only to debt burden and debt trap, but also economic
stagnation.”

FDC said that between 1986 and 1991, “the country reportedly
averaged a negative $1.5 billion transfer of resources to the
creditor countries each year.” Today, the country’s foreign debt stands at $62.9 billion, the FDC noted. It added that as of end 2011, each Filipino owes P79,885.18 in public debt and is forced to pay P7,544 annually to service the said debt. “For this year, the Philippine government spends P1.4 million per minute of the people’s money for debt servicing,” FDC said. “The continuing failure of the government to prioritize the people’s needs and welfare over debt servicing is… a failure to rectify the Marcos misdeeds,” the group stressed.

http://newsinfo.inquirer.net/277872/marcos-regimes-criminal-legacies-continue-to-harm-filipinos-fdc

pag pinag tangol mo ba ang mga marcos exempted ka sa utang nila?

 

[anishgiri]

Ung bataan nuclear powerplant na yan kahit isang patak ng gasolina o isang boltahe ng kuryente hindi nakapag produce yan.$600 million ung tinubo at nabulsang budget jan.

Eh pinigil nga ni Aquino iyan(na politika), eh paano magagamit. Nakiusap pa nga si Marcos na ituloy ni Cory iyan.Kung itinuloy lang ni Cory iyan, malaki sana nabawi ng Pinas diyan. Mas marami mahihikayat na maginvest sa Pinas because of stable energy supply.

Blame Cory Aquino na nasayang ang lahat.

 

[c0lt_45]

‘Marcos regime’s criminal legacies continue to harm Filipinos’—FDC
By Ryan D. Rosauro
Inquirer Mindanao
1:13 pm | Wednesday, September 26th, 2012
OZAMIZ CITY, Philippines

Let us not forget the onerous debts. This is what the Freedom from Debt Coalition (FDC) said as it reminded Filipinos on the “crimes and legacies of the Martial Law era and that of the strongman rule of Ferdinand Marcos that continue to hound and harm our nation and people.”One of these criminal legacies is the regime’s fraudulent and
illegitimate debts that were riddled with corruption and hardly
benefited the people,” the FDC, a non-government
organization opposing the payment of debts incurred by the
Marcos regime, said in a statement. When Marcos fled in 1986 in the wake of the popular uprising, the country was saddled with $28 billion in foreign debt.

The FDC noted that at the start of Marcos’ presidency in
1965, the country’s foreign debt stood only at $1 billion.
The group echoed the widespread suspicion among anti-
dictatorship forces then that Marcos and his cronies profited
from the fraudulent loans contracted by government, which
could be the source of his ill-gotten wealth estimated to be at
least $5 billion.

“The plunder of our economy plunged the people into mass
poverty. In 1975, 57 percent of the Filipino families reportedly
lived below the poverty line, while Marcos, his wife and their
cronies indulged in extravagance and opulence,” the FDC said.
“Today, Filipino taxpayers continue to bear the cost of the
regime’s foreign debts, until 2025,” it added. The FDC said the government’s policy to honor the Marcos debts compromised important spending for health, education and basic social services “that the government is duty-bound to provide for the people.”
“This policy contributed to a perennial and seemingly vicious
cycle of budget shortfalls and fiscal crises, continued debt
and interest payments, increased tax burdens, increased debt
burdens and severe reduction , if not criminal neglect of the
welfare needs, economic and social services for the people,”
FDC explained.

“The Aquino regime and successive governments often used
the budget and the debt crisis they inherited from Marcos as
reasons to allow… privatization and deregulation of essential
public services like water and power, cheap sale of
government assets and properties, and imposition of
regressive tax measures such as the 10% value-added tax
(VAT) which was later increased and expanded to the
detriment of the majority poor consumers,” it added.
Akbayan Rep. Walden Bello, former FDC president, said the
government’s “stubborn policy of debt repayments, and its
inability to spend and invest have consigned our country not
only to debt burden and debt trap, but also economic
stagnation.”

FDC said that between 1986 and 1991, “the country reportedly
averaged a negative $1.5 billion transfer of resources to the
creditor countries each year.” Today, the country’s foreign debt stands at $62.9 billion, the FDC noted. It added that as of end 2011, each Filipino owes P79,885.18 in public debt and is forced to pay P7,544 annually to service the said debt. “For this year, the Philippine government spends P1.4 million per minute of the people’s money for debt servicing,” FDC said. “The continuing failure of the government to prioritize the people’s needs and welfare over debt servicing is… a failure to rectify the Marcos misdeeds,” the group stressed.

http://newsinfo.inquirer.net/277872/marcos-regimes-criminal-legacies-continue-to-harm-filipinos-fdc

pag pinag tangol mo ba ang mga marcos exempted ka sa utang nila?

Cory could have declared that the money was notused for the government. Resistance to pay debts to the WB are justified. It's even a power of the president laid down in the Constitution.

I think you both share the same quality of ... with Cory

 

[anishgiri]

Dami talaga black propaganda laban kay Marcos ng mga yellow group. Paki basa po to para malinawan at huwag padala sa mga black propaganda(na walang katotohanan) laban kay Marcos

From Erick San Juan's Marcos Legacy Revisited:
==================
Nationalist economist Lichauco explained that out of the total loan obligations of the Phil. to the IMF and ADB amounting to 24 billion dollars at the time of Marcos' ouster from power, more than 7 billion dollars were loans secured from private sector, businessmen of the elite club whose preoccupation was to hurl invectives against what they call the conjugal dictatorship. These shylocks used the money to import more luxury goods, machinery and equipment. A substantial amount went to business expansions and infrastructures like the modern skyscrapers which now adorn Makati skyline. Official Central Bank records reveal that prior to Marcos' exile to Hawaii, the former strongman left behind in the coffers of the Central Bank over 2.5 billion dollar reserves.

Just add the loans Marcos inherited in 1965 (13.5 billion dollars) to those accrued by the private sector (7 billion dollars), together with the amount of reserves left bt Marcos (2.5 billion dollars) and you get 23 billion dollars. Since the outstanding loan obligations of the country at the time of Marcos' departure from the political scene totalled only to 24 billion dollars, it follows that the dreaded Marcos regime- in its twenty years of absolute rule- incurred only a measly loan of 1 billion and not 24 billion dollars attested by his detractors.

Pasion also reminds the political opponents of Marcos that it was during the latter's incumbency that the price of imported crude oil rose from 2 dollars to 24 dollars per barrel. Yet, the same period, the Philippine economy managed to weather the storm, despite the worldwide recession, compounded by the growing Muslim insurgency in the south. The situation became unmanageable only when the Senator Benigno Aquino Jr. was shot to death by an unknown gunman.

Marcos knew that the only key to Philippine progress would be the establishment of an industrial base, or a "Machine tool" industry. But his effort to implement a Heavy Industrial Program was opposed at every turn by his technochrats, and the Makati Business Club, all of whom echoed the position of the IMF-World bank opposing the Eleven Major Industrial projects," nationalist economist Lichauco claims.

When Cory Aquino took over where Marcos left off, the situation became worse. Prices of prime or essential commodities soared from 50 percent to 200 percent as compared to January 1986. Laborers on the other hand were given a miserable 10 pesos additional daily despite the fact that the average laborer had to pay for daily expenses which increased 100 percent.

How did Marcos accomplish so much with so little?(Yamashita treasure? )

Originally Posted by PangitQuest View Post
oh bakit tinabunan nyo na ang tanong ko, para maganda isa isa muna, kwentong barbero lang naman ang ke makoy hindi ba, so umpisahan natin ang walang napagawa ang binulsa nya ang $27B dollars na iniwan nya noong sapilitan silang pinaalis, now kindly put the amount of ever projects at kung me kulang pa pakidagdagan lang sa mga yan na hindi ko pa naillalagay pakisabi para kada post ko update ko at para maayos natin kung magkano talaga ang mga nagastos sa mga yan at bakit meron $27B dollars na naging utang..hehe

yan yung unang post ko, hindi ko pa din nabago, pero me mga nadagdag na ako sa mga projects pa, bilis patalinuhan sa pag compute at pagsagot..hehe

------------------------------------------------------------------------
pwede po magtanong, hindi ko kasi alam ang presyo nang lahat nang projects e, pakilagay naman ang presyo para madagdagan ang kaalaman ko..hehe

$27 Billion USD when Marcos Left...

BNPP = $2.3 Billion USD
Philippine North & South Express Way =
Geothermal Plants =
San Juanico Bridge =
LRT =
Philippine Kidney Center =
Philippine Heart Center =
Philippine Lung Center =
Nayong Pilipino =
CCP =
Folk Art's Theater =
Philippine Film Center =
NAIA (MIA) =
Bliss =
Irrigations =
Fly Over =
EDSA =
AFP =
PNP =
Modernizing our Arsenal =

yan lang pero kulang pa yan, kasi me mga road projects pa sya na iba or mga mga iba pa siguro na hindi ako nasulat dyan, sinundan ko lang yung nasa youtube pa lang na nakita ko, now paki presyohan naman at kung pwede at me alam pa kayo pakidagdagan, gusto ko malaman yang $27B na yan na KUNO ninakaw pero hindi man lang na isip na ang mga pinagawa lang BNPP ay $2B na agad, so $25B na, so magkano pa ang pwede mabawas dyan sa $25B na yan? sige nga, binulsa pala lahat hindi ba? so prove it na walang ginamit sa ibang projects at bulsa lang yang $27B..

now nasa $90B plus na yang utang, pero ayaw nyo pa din habulin yung mga walang napagawa, panay ang turo si marcos, so now prove to us na talagang nabulsa ang buo yang $27B na yan kesa doon sa mga naka upo ngayon na wala naman pinapagawa, kalsada na lang spalto pa, sa susunod na bwan sira ulit so spalto ulit..hahaha

http://www.youtube.com/v/ml4G-vBkneY

 

[reyzon22]

Cory could have declared that the money was notused for the government. Resistance to pay debts to the WB are justified. It's even a power of the president laid down in the Constitution.

I think you both share the same quality of ... with Cory

if Cory and other presidents after her did not pay the ebts, there's a posibility na i isolate tayo ng nag pautang (WB na US Funded) sa mga trading partners natin, bababa ang Moodys Grade at mawawala ang investors sa bansa, matutulad tayo sa N. Korea na hermitanyo

 

[c0lt_45]

if Cory and other presidents after her did not pay the ebts, there's a posibility na i isolate tayo ng nag pautang (WB na US Funded) sa mga trading partners natin, bababa ang Moodys Grade at mawawala ang investors sa bansa, matutulad tayo sa N. Korea na hermitanyo

Nope, hindi tayo maiisolate kasi hindi naman napunta sa Pinas yung pera. Justified yun

 

[tinekaye]

Mas mahirap ngaun ang pilipinas sa pamamalakad ng mga aquino.

 

[KamenRaida]

Mas mahirap ngaun ang pilipinas sa pamamalakad ng mga aquino.

opinion mo yan

 

[tharkun111]

You guys don't know the real score in history...

What the new generation knows is contrary to what reality is...

This is what we call "absolute oblivion" ....

Your mind are all set to believe on something that is different from the truth...

This is the sad reality among Filipinos....

 

[smyle]

History is written by the Victor. Who was the victor when Marcos was ousted?

 

[KamenRaida]

History is written by the Victor. Who was the victor when Marcos was ousted?

No! History is written by the People idiot, and who was the president/prime minister during the economic fall of 1973-1986?

 

[smyle]

if History is written by the People, then here we are thinking that we thought the generation before us won. EDSA Revolution... Marcos was the President at that time but then when he was ousted who did take charge of our country? We always go back to Marcos but the irony is People still use the infrastructures Marcos and his so called Corrupt Government built. Except of course the Nuclear Power Plant, we still use much of it today. Hospitals, Expressways, Bridges just to name a few. In an administration there would always be a bad thing.

Example of that would be of Ramos. They say he was the reason why electricity hates are so high. But then we ask and it was simply because there were no other choices at that time. And then there was ERAP, the first years were like a dream for the masa and he was the only president since Marcos to wage an all out war against MILF, MNLF and Abu Sayyaf. After EDSA 2 he was simply not there on top being called a corrupt politician. GMA and her allies were the victors and history was written as such.

And then came the issue of Hacienda Luisita, breakaway of the coalition and then the Presidency of another Aquino. And now they are the victors and they are writing history to their liking. History most of the time is opinionated so there is no scientific measurement to it. an example of that was during GMA's first few years, the media loved her but since most of the media owe their existence and freedom of speech to the aquinos they would come to their aid when they suddenly said the GMA Admin was corrupt. We all have to remember that it was after all the Aquinos who put GMA in to the Presidency. Even on the Presidential Elections, it was still Aquinos who supported her.

Now comes this Pork barrel scam which has been there along for years. Why did it only come out now? To change history again by the victors and not the people which hold the Administration.

 

[aceanne2001]

tharkun111
Re: Taxpayers to shoulder Marcos debt until 2025
You guys don't know the real score in history...

What the new generation knows is contrary to what reality is...

This is what we call "absolute oblivion" ....

Your mind are all set to believe on something that is different from the truth...

This is the sad reality among Filipinos....

 

[smyle]

To get on topic, Every country and its president makes a wrong decision which would haunt the people for generations to come. One good example of that would be the spending of the US during the Cold War Era. The trillions of Dollars is still being paid by the citizens of the US today. So if we still pay Marcos Debt its a normal thing. Ginagamit naman ng karamihan ng tao pinatayo nila so its not a bad thing. Ikumpara mo din OFWs nung panahon ni Marcos at OFW after ni Marcos makikita mo na mas disciplined ang mga OFWs noon. Maganda daw talaga turo noon kahit sa mga public schools lang pumasok.

 

[aceanne2001]

Join Date: May 2010
Posts: 568
Reputation: mortred is an unknown quantity at this point
Default Re: Taxpayers to shoulder Marcos debt until 2025
@Sheenamae alam mo habang tumatagal pataas ng pataas ung presyo ng bilihin hindi mo yan.Bakit pilipinas ba ung may may kontrol ng presyo ng gasolina?
Alam ko na sasabihin mo jan di kasi tiuloy ung bataan nuclear power plant kaya mahal gasolina ngaun.
Ung bataan nuclear powerplant na yan kahit isang patak ng gasolina o isang boltahe ng kuryente hindi nakapag produce yan.$600 million ung tinubo at nabulsang budget jan.
Ung sa bigas naman tulad ng sinabi ko kanina pataas ng pataas ng presyo ng bilihin kahit sa anong bansa.


Parang ganito gusto mo ipahiwatig eh 'nung panahon ni marcos wala namang may iphone,android,samsung,sony xperia,laptop at computer ngayon milyon milyon filipino may gadget na ganyan. Ganyan tayo kaunlad ngayon nung anahon ba ni mrcos may ganyan?
Parang ganyan sinasabi mo

Eh sino may kasalanan kung bakit tumtaaas wag mong sabihing isisisi nanaman ninyo kay marcos

 

[smyle]

isa pa nga pala Project ni Marcos noon is yung sa NFA. subsidized ng admin ni Marcos Rice Farming sa Pilipinas noon. Dati ang kinokompetisyon ni Marcos is yung middleman na nagpapalaki ng presyo ng bigas noon. Bibilhin ng mura mula sa farmers, ipagbibili ng mahal sa market. Kabaliktaran naman ginagawa ng NFA noon. Bibilhin ng mas mahal sa farmers, ibebenta sa mas mababang halaga sa market. Tuwing may subsidy ang isang gobyerno, palaging magkakautang ang mga tao.

bago magkaroon ng Oil Deregulation Law, ganun din. kinokompetisyon ang ibang Oil Players. ang result is ganito na utang utang.